On the premise of abundant funds, Zhou Shi and the others did not use the funds of those second generations, and they did not even need to use the cash flow of the husk. Hu and others borrowed $1.5 billion from the bank, and finally managed to scrape together $12 billion. In order to repay the money, most of the unimportant stocks held in China will be cleared, especially the cyclical stocks of metal non-ferrous gold, of course, this is not in a hurry, the price of gold has soared, the market is optimistic all the way, and they have enough time to slowly clear their positions.

Since entering the market at around $1,160 an ounce, it has now risen above $1,300. The position is about to be closed, and it can roughly go around 1350 depending on the situation. Because this time it was still highly leveraged, a profit of close to $200 per hand allowed him to invest more than $5,000 in tens of millions of dollars and reap a profit of more than $100 million. (MD, it seems that suddenly it won't count, the profit should be calculated like this, 5K * 190 (spread) * 100 (contract unit) is equal to 95 million, right?

"Mr. Zhou, will the price of gold still rise?" Chen Wen

"It should go up, right?" Zhou Shi said in an uncertain tone, in fact, it is still very certain, the gold price has historically exceeded $1,900 per ounce, and it is still early!

"Then should we change positions or increase investment?" Chen Wen

"Why?" Zhou Shi

"Isn't it possible to make more money like this?" said Chen Wen

"You can do this when you don't have money, I was ignorant at that time, I didn't know the depths, and no one paid attention, but now I can't do it, once or twice in a while, and often this has a bad impact. Coupled with the fact that high risk is not king, it is easy for us to fall into it and find it difficult to extricate ourselves......" Zhou Shi

"So Mr. Zhou is not ready to speculate in the future?" Chen Wen said thoughtfully

When Zhou Shi heard this, he was a little embarrassed, and the price of gold rushed to $1,900 per ounce, which was almost the only thing he was sure of and remembered. It's still easy to make a billion or two billion dollars on this, so can you just give up? But still indulging in high-risk speculation obviously does more harm than good to him. He has never been a big guy like Soros, let alone that level. After all, he is not the maker of the rules of the game, unlike Goldman Sachs, who can turn high-risk speculation into risk-free arbitrage.

"I won't do it in the future!" Zhou Shi

"Oh, this is the application of Peng Guoyu, the head of the Vermilion Bird Fund, who wants to increase his investment in the gold market, what do you think?" Chen Wen

Zhou Shi didn't expect her to come to such a hand, but he was quickly relieved, and he would not be able to tolerate such a little caution.

"If you refuse, tell them that we will increase risk control from next year and gradually reduce high-risk investment, so that they can be prepared. "Zhou Shi

"Is this appropriate?" Chen Wen, in her opinion, the vast majority of the industrial funds under Zhou Shi's name come from high-risk investment, and Peng Guoyu and others have contributed a lot. Isn't he trying to force them to change jobs or leave?

Zhou Shi didn't expect this, in his cognition, a big reason for high-risk speculation comes from his own prophet, and at this time he made such a decision just because his layout has been basically perfected, and the demand for high-risk returns is not very large. Besides, the future situation is complex and changeable, he is already an important factor affecting the changes in the world, and the previous memories may not work, it is better to take advantage of the present, he has reaped the greatest benefits, and stopped in time.

The trade-offs are not the most important thing for a politician/entrepreneur, and I am afraid that they are not much worse. They all make their own choices in the face of the changing world, some people choose the right one, some people choose the wrong one, so there will be the rise and fall of countries and enterprises. History has taught us countless times that gamblers don't end well. Zhou Shi was never willing to become that failed gambler.

"The Four Elephants Fund owes so much money now, and with so much money withdrawn during this time, the cash flow of Galaxy Capital and the Four Elephants Fund is already very tight......," Chen Wen said

"No matter how difficult it may be, we should not pin our hopes on the gains of high-risk speculation, which is the most foolish thing to do. "Zhou Shi

"But we rely on this successful ......," Chen Wen

"That's why it's time to get rid of dependence on it. "Zhou Shi

Zhou Shi also felt very bad signs from her, so even if the National Day came, he didn't take a holiday. In the continuous communication, Zhou Shi found that the Galaxy Four Elephants Fund was full of blind optimism, as if the futures spot and other financial derivatives markets were the places for them to withdraw money. Continuous success makes their confidence continue to expand, and even if some people think that risks should be controlled, it is difficult to form a real attention.

Zhou Shi kept going back and forth in Pengcheng Xiangjiang, and finally couldn't help but call all the executives of the four major funds under Galaxy Capital, plus some executives of Meibang and AIA, to get together to discuss.

"Everyone should know what I'm going to say, that's right, it's our risk control, it's almost miserable now, do we still have a real risk control system?" Zhou Shi stepped onto the rostrum and fired directly.

"I don't care how many times I've succeeded, and whether I've caused these problems or not, the purpose of convening everyone now is to re-establish our risk control system. The first step is to make this Suzaku Fund independent after it is liquidated at maturity, and from then on it will be self-financing. "Zhou Shi

Everyone didn't expect Zhou Shi to be the first to open the Suzaku Fund, which has made a profit of more than 10 billion US dollars in recent years. However, since most of the projects decided by Zhou Shi only have fixed bonuses, and the projects they do independently can be shared, the profits that Zhou Shi shares are not very large. But most of these other non-core personnel don't know, they just think that this is the most important company under Galaxy Capital, but they didn't expect Zhou Shi to have such courage. Aren't you afraid of the loss of the core personnel of the Suzaku Fund?

Zhou Shi is really not afraid, the financial market has cycles, its profits are limited, and a loss may lose all the profits of the previous years. The current situation is that everyone is blindly optimistic, and if this stock trend cannot be stopped, even other affiliated companies may fall into trouble. In addition, even if there is a genius among them, can it bring him more than a billion dollars in profits every year? If there is a genius of this level, I am afraid that he will soon be able to stand on his own. But this is not the case with his physical company, which is not the case with Time Holdings, the representative of the virtual economy, even if it makes billions of dollars in profits every year, no one will set up its own door and take away the profits.

Such an important change,

(End of chapter)